secwatch.observer — SEC 8-K summary
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Issuer:     Electromed, Inc. (ELMD)
CIK:        0001488917
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001437749-25-038291
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electromed enters $10M revolving credit facility with BMO Bank N.A., maturing December 2026
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- $10M revolving line of credit at 1-month Term SOFR plus 1.75%, maturing December 16, 2026.
- First-priority security interest granted on substantially all existing and future assets.
- Financial covenants: Fixed Charge Coverage Ratio ≥ 1.20x; Total Funded Debt/EBITDA ≤ 2.50x when drawn.
- Proceeds used for capital expenditures, working capital, and general corporate purposes.
- Existing credit facility with Choice Financial Group terminated in connection with this new facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488917/000143774925038291/0001437749-25-038291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488917/000143774925038291/elmd20251209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038291

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